BitoPro Faces $11.5 Million Hack Allegations Amid Maintenance Claims
BitoPro, a Taiwanese cryptocurrency exchange, may have lost $11.5 million in a hack on May 8, according to investigator ZackXBT. The exchange has not made any official announcements regarding the incident.
- Suspicious outflows were detected from BitoPro's hot wallets for TRON, Ethereum, Solana, and Polygon.
- Funds were transferred to Tornado Cash and bridged to Bitcoin using THORChain.
- The BTC was subsequently moved to Wasabi, a privacy-focused Bitcoin wallet.
- BitoPro's daily trading volume is approximately $25 million.
- Since May 9, the exchange has cited "maintenance" issues, leading to user complaints about deposit and withdrawal problems.
- The community has accused BitoPro of misleading users with prolonged maintenance claims.
User claiming account details were altered. Source: BitoPro official group chat
Some suspect an insider behind missing funds. Source: BitoPro official group chat
Recent incidents highlight ongoing security concerns in the crypto industry, with larger exchanges also experiencing significant hacks.